$SUI /USDT: Is This the Start of a Bull Run or Just a Temporary Surge?
$SUI is trading at $4.9666, up by 4.64%, nearing its 24-hour high of $4.9900. The price is pushing toward key resistance levels, raising the question of whether it’s the beginning of a bullish breakout or a possible reversal.
Trade Setup
Entry Point: $4.96
Targets to Watch
1. First Target: $5.10
2. Second Target: $5.25
3. Third Target: $5.50
Support Levels
Immediate support at $4.85, with critical support at $4.75.
Analysis
The RSI at 85.45 signals overbought conditions, indicating caution. A breakout above $5.00 could confirm further bullish momentum, while failure to sustain above $4.85 may suggest consolidation or a retracement. Monitor volume for confirmation.